Yes but Google does higher lots of young people. They would rather higher kids not saddled by debt. Recent grads without debts will settle for lower salaries than those who need to pay down massive student loans.

As a general rule, industry prefers narrowly-targeted education for skilled/unskilled workers. But when it comes to managers those four/six/eight-year degrees from centuries-old universities are all important. You don't see many executives without degrees. Founders may forgo education, but not so much the people they higher to run things.